Searches And Hires
The firm had been on watch for underperformance since the summer.
The new policy will help the plan achieve its 6.5% assumed rate of return over the next 10 years.
The state authority is seeking firms to deploy capital on behalf of four fund opportunities.
The Treasury is seeking a firm to assist investment staff in managing its $37.7 billion investment portfolios.
The plans increased their private equity targets after receiving an asset allocation study in October.
The plan eliminated a 5% target to emerging market debt and redistributed it amongst existing asset classes.
Plans added a re-up commitment to a private equity firm and a new commitment with a real estate firm this week.
The plan’s incumbent manager will see its contract expire this year.
The plan made a change in domestic core bond managers due to underperformance from its incumbent.
The plan disclosed various private credit and private equity commitments at today’s board meeting.